The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from February 8 thru 12, 2016
OFFICE – 13610 N. BLACK CANYON HIGHWAY, PHOENIX
An Atlanta-area healthcare information management firm signed a long-term, 55,000-sqaure-feet office lease at Metro North Corporate Park, 13610 N. Black Canyon Highway, Phoenix. The company is expected to occupy the space in March or April, 2016. Plans call for a back office space with a 500-seat call center. Steve Farrell, Principal with Lee & Associates negotiated the transaction with assistance from Scotland Wright Associates, Atlanta, GA. Ray Cashen of Cashen Realty Advisors, Phoenix, represented the lessor. “The Metro North facility offered significant expansion opportunities over the lease term and provided parking solutions for their expected growth,” said Farrell. HealthPort is the nation’s largest provider of release of information (ROI) services and audit management and tracking technology for hospitals, health systems, physician practices and clinics to process and fulfill medical record requests and maintain compliance. Metro North Business Park, Building A is a 302,507-square-foot office building featuring a generous 10:1,000 parking ratio, is close to many area restaurants and hospitality venues and has a strong presence along the I-17 Freeway.
RETAIL – 596 E GERMANN RD., GILBERT
The Arizona family-owned company, Potato Barn has locations in Scottsdale, Mesa, and Gilbert. The most recent deal included adding another 19,108-square-feet to the pre-existing 35,000-square-feet to its original outlet location at 596 E. Germann Rd. in Gilbert. Potato Barn owner, Mike Bongiorno said, "We are very excited to be expanding in Gilbert. This Potato Barn Outlet location has exceeded our expectation and we now are considering opening Friday's.” The outlet is currently open on Saturdays from 10AM – 6PM. “We appreciate all the support from the community and look forward to growing in Gilbert,” Bongiorno feels the outlet may have to be open to the public another day. The tenant rep deal involved, Kyle Westfall with JLL, who represented the Landlord and SVN Desert Commercial Advisors, Mary Nollenberger and Rommie Mojahed represented the tenant, Potato Barn. “Potato Barn has experienced tremendous growth. They offer a unique product at the very lowest price,” Mojahad said. “Their original location was a barn, and now they have locations in regional power centers in Gilbert, Scottsdale, and Mesa.”
INDUSTRIAL - 2546 W. BIRCHWOOD AVE., MESA
Arch Nutraceuticals, Manhattan, KS, signed a 20,300-square-foot, 5-year-plus lease at Broadway Business Park, 2546 W. Birchwood Ave, Mesa. Marc Pierce of Lee & Associates represented Arch Nutraceuticals while James Harper and Pete Klees of Cushman & Wakefield represented the lessor, Anderson Team III, LLC, Tempe. Built in 1998, the 40,628-square-foot warehouse building features heavy power, 16’- 18’ clear height, 4 drive-ins and 4 exterior docks. The building is located a few blocks east of the Loop 101 and evenly between the Loop 202 and US 60.
INDUSTRIAL - 222 S. DATE ST., MESA
Goodman Distribution Inc., Houston, TX, a distributor of wholesale HVAC products and equipment, renewed their lease for 30,972-square-feet for an additional 60-months at 222 S. Date St., Mesa. Lee & Associates Principal Marc Pierce represented the landlord, Date St. Properties, while Will Strong with Cushman & Wakefield and Anthony Fritsche with Fritsche Anderson Realty Partners, Houston, TX represented Goodman. The industrial manufacturing building, built in 1977 features 18’ clear height, heavy power and two drive-in doors. It is close to both the Loop 101 and 202 freeways.
RETAIL – 10405 N. 31st AVE., PHOENIX
Brian & Tom Woods of Collier, represented Famous Footwear on a 10-year lease with ACP Metro Towne Center, LLC at the SWC 28th Drive and Peoria Avenue, 10405 N. 31st Ave. Phoenix, AZ, 85051 for 8,002-square-feet. Newmark Grubb Knight Frank, Tim Westfall and Ryan Moroney represented the Landlord.
RETAIL – 2920 E. GERMANN RD., CHANDLER
Brian & Tom Woods of Collier, represented Vestar Development on a 10-year lease with Mattress Firm at Crossroads Towne Center 2920 E. Germann Road, Chandler, AZ, 85286 for 6,527-square-feet. Velocity Retail Group, Michael Clark represented the Tenant.
RETAIL – 245 E. BELL RD., PHOENIZ
Brian & Tom Woods of Collier, represented Nexus Development on a 10-year lease with Chronic Tacos at Bell Towne Plaza, 245 E. Bell Road, Suite A-2, Phoenix, AZ, 85022 for 2,223-square-feet. Keyser, Mike Leonard, represented the Tenant.
RETAIL – 1245 W. CHANDLER BLVD., CHANDLER
Brian & Tom Woods of Collier, represented Chandler Alma School Partners, LLC on a 10-year lease with Starbucks at the SWC of Chandler Blvd & Alma School Road, 1245 W. Chandler Blvd, Chandler, AZ, 85224 for 1,800-square-feet. Phoenix Commercial Advisors Lance Umble represented the Tenant.